How to buy IOTA (IOTA)

How do you want to buy IOTA?

Choose this option if you want to buy IOTA (IOTA) with EUR, USD, GBP, CHF or other Fiat currencies.

Choose this option if you already have Ethereum or Bitcoin on an exchange or in a wallet.

Introduction

The following guide will show you how to buy IOTA (IOTA). Our step-by-step buying guide includes screenshots and a detailed description and explains the process of purchasing IOTA token with USD, EUR, GBP, RUB or other (FIAT) currencies and different deposit methods like credit card, bank transfer or others. We will walk you through the process of registering, explain how to make your deposit and finally buy your cryptocurrency! Last but not least, we give you some tips on how to store your IOTA safely in a wallet.

1

Choose an exchange

DE, EN

CHF, EUR, GBP, USD

This is one of the best cryptocurrency exchanges for European citizens, with an easy to use interface and great support.

There are more exchanges where you can buy ETH or BTC with other currencies or deposit options. If you wanna check them, go to this Exchange List.

Warning: Only users from European countries can register at this exchange!

1

Go to Bitpanda

Go to https://www.bitpanda.com and make sure the address is correct and that you see the secure symbol next to the URL. Click the "Sign Up" button in the top right corner of the site.

For security reasons we highly recommend to set up 2-factor authentication. Once you are logged in, you will find a hint "Enable Two Factor Authentication (2FA)" in the dashboard of Bitpanda - click on it. On the new site, you will see a barcode as well as a secure code. Save this secure code in a safe place, since you will be able to recover your 2FA Code with this code, if you lose your phone. Just follow the short instruction of bitpanda and install the Google Authentication App on your smartphone and then scan or enter the code.

For the setup you will need a phone with Android or iOS. IMPORTANT: Save the secure code you will see in a safe place. If you ever lose your phone, you will be able to recover your 2FA-Code for Bitpanda. Otherwise, you might not be able to access your account and have to contact the support.

1

Verification

In order to buy and sell IOTA on Bitpanda, you will have to verify your identity. When you log into your Bitpanda account, you will see various hints to verify yourself. Just click on one of the "Verify" buttons. A new window will open, where you first have to add more personal data.

In the next step you have to choose, with which ID (e.g ID, Passport,..) you want to verify. After that you will be forwarded to a Video Identification Service of your choice. You can do this either via your smartphone or your computer (should have a webcam). Just follow the instructions and you will be ready after a few minutes.

1

Deposit FIAT to buy IOTA (IOTA)

Once you are registered, you have to click "deposit" in the top right corner of the page. A new window will pop up and let you choose which FIAT you want to deposit: EURO, USD, GPB, CHF. Next you can choose how you want to deposit your Money. There are plenty of options, although most are only available for EURO:

Minimum deposit will be 25€, while max. deposit varies between 2500€ and 500.000€. Make sure to check the fees for each deposit option:

Sofort Überweisung - 1,99% fee - max. 10.000€ - Instant

Visa Credit / Debit card - 1,5% fee - max. 2.500€ - Instant

Mastercard Credit / Debit card - 1,5% fee - max. 2.500€ - Instant

Bank Transfer - FREE - max. 500.000€ - 2-3 business days

EPS - 0,25€ + 2% (max. 2,00€) fee - max. 10.000€ - Instant

Giropay - 0,25€ + 2% (max. 2,00€) fee - max. 10.000€ - Instant

Neteller - 0,90€ + 3,6% fee - Instant

Skrill - 1,00€ + 3,6% fee - Instant

Once you have decided how you want to deposit, just follow the instructions of the website.

1

Buy IOTA on Bitpanda

You are almost done! Since your money is now in your Bitpanda-account, you are just a few clicks away from your new IOTA tokens. Just click on "TRADE" in the upper right corner of the website - a new window will pop up where you then click "Buy".

1

Choose "IOTA Wallet"

Now you see all available Coins and Tokens. You will choose now "IOTA Wallet", then choose with which Fiat wallet you want to pay - e.g. EURO.

1

Choose the amount

Simply enter, for how many e.g. EURO or USD you want to buy IOTA and click "Go to Summary".

1

Check your "IOTA Order"

You will see now the summary of your order, with the exact amount of IOTA you will purchase and how much you will pay for it. If the data are correct, click "Buy now".

1

Congratulations

Done, you have just bought IOTA (IOTA), which are now stored in your Bitpanda Wallet!

You could now withdraw your IOTA tokens to your own wallet or even send it to a friend. We are going to show you how to do it in the next steps. Please also read through the wallet information below and make sure you store your IOTA in a secure place.

1

Choose where to buy IOTA

Choose now one of the following exchanges, where you will finally buy IOTA.

DE, EN, ES, FR, JA, RU, ZH

Binance is a fast-growing crypto to cryptocurrency trading platform with over 140 cryptocurrencies available. Registering is easy and can be done anonymously.

-

DE, EN, ES, JA, KO, PT, RU, TR, VI, ZH

Huobi is one of the largest exchanges and offers a large variety of tokens. It allows users to exchange crypto for crypto, including the USDT token.

-

DE, EN

This is one of the best cryptocurrency exchanges for European citizens, with an easy to use interface and great support.

1

Register at binance.com

Go to https://www.binance.com and make sure that the URL is correct and that you see the green secure symbol . In the upper right-hand corner of the site, click "Register" and follow the given instructions. Binance will send you an email, so head over to your mail inbox and click on the confirmation link.

Now you can log into your account. We highly advise you to set up 2-factor authentication to keep your account as safe as possible. You will find this by going to your "Account" in the upper right corner then clicking on "Google Authentication" and following the instructions.

For the setup, you will need a phone with Android or iOS. IMPORTANT: Save the code you will see afterwards in a safe place. If you ever lose your phone, you will be able to regenerate your 2FA-Code for binance.com. Otherwise, you might not be able to access your account and have to contact the Support Team.

1

Make a deposit

In order to buy IOTA, you will have to transfer your Ethereum, which we bought before or you already had, to your new Binance account. So let’s make a deposit. On the upper right menu bar, you will see the button "Funds" - hover over there and a drop-down menu opens; click on "Deposit".

Next select "ETH" from the dropdown menu of the site. If you chose before to buy BTC instead of ETH as recommended, or you already had it, search for "BTC". Now the site will show you your deposit address; go ahead and copy this address to your clipboard.

1

Wait for the transaction

Back on https://www.binance.com, you can track your transaction in the "History" page. It will take a few minutes, or in some cases even hours, for the transaction to go through.

1

Go to Basic Exchange

With Ethereum in your Binance account, you can easily buy any of the coins available on the Binance exchange. Buying IOTA from here is easy. Go to the top menu on the left side and hover over "Exchange" — a drop-down menu opens and we suggest you start with "Basic", so simply click on it or just use click here.

1

Search for IOTA/ETH

In the new page, go to the right-hand side and first make sure that the "ETH" tab is clicked (where our red arrow is pointing to). All views will now show you prices in relation to Ethereum. Now search for IOTA and click on it.

1

Choose Limit or Market Order

The whole site will now show you how much IOTA is worth and what the current market prices are. Right in the middle, you see two fields — Buy and Sell. To buy IOTA, add the amount you would like to buy in the "Amount" field; it will calculate for you how much ETH you will have to spend.

There are two things to watch out for — do you want to buy with a market order or limit order?

Setting a Limit Order means that you specify how many IOTA token you want to buy (or maybe sell) and the maximum price you want to pay (or accept) for that amount of IOTA. If there is an order that matches or is lower than this, it will be filled right away. If there is no match, it can take a while until your order is filled.

When you use a Market Order, you only specify how many IOTA token you want to buy, and your order will be filled immediately for the price that is available on the market. This means that you might not decide on the price you pay for IOTA but your order will go through right away.

Depending on the trading volume of the token we recommend Market Orders only for smaller amounts since they could raise the price quite a bit depending on the Sell Orders. On the other hand, Limit Orders can take a very long time to be filled or don't even have to reach your selected price. Of course, you can always cancel your order and set it up again.

1

Buy IOTA (IOTA) from binance.com

In our example, we are buying IOTA with a Limit Order. Set the price and amount of IOTA you want to buy and click "BUY". Binance gives you the option to even buy certain percentages of your balance too. The site will then automatically set the amount you are going to buy.

1

Congratulations

Congratulations — you have just purchased IOTA successfully. You can check your balance under "Funds" on the top menu.

You can now withdraw your IOTA tokens to your own wallet or even send them to a friend. We are going to show you how to do this in the next steps. Please also read through the wallet information below and make sure you store your IOTA in a secure place.

1

Register at Huobi

In order to use Huobi, go to https://www.huobi.com and make sure the URL is correct and that you see the green secure symbol before the URL field. In the upper right-hand corner of the site, click "Sign Up" or the big "Sign Up Now" button in the middle of the page.

A new window will open where you can register via phone or email. Choose one of the options and add your nationality, email address or phone number, a secure password and the Invitation Code "ge8n3" if it is not already filled out and if you want to support us. Then click on "Sign Up". In some cases you will have to solve a captcha, to verify you are not a bot.

After you have pressed the "Sign Up" button, another window will open, where you have to enter a code, that Huobi has sent to your email (or phone if you have choosen registration via phone). So go over to your email inbox, open the email from Huobi and copy the six-digit code. Go back to your tab where you have Huobi opened and paste in the code from the email.

1

Read the tips

After you have confirmed the email, Huobi will forward you to a new window where you can click on "Maybe later". Huobi is going to show you some helpful tips.

1

Two-factor authentication setup

Before we deposit your Ethereum, we want to make your account more secure, by activating at least the Google Authenticator option. Please don't skip this step, since it is crucial for the security of your account.

Hover over your email address in the top right corner of the page and click on "Account & Security" or simply follow this link.

Scroll down a bit to "Two-factor authentication" and click on "link" next to "Google authenticator". Follow the instructions on the page by downloading the "Google Authenticator" app; write down your "key" (this is very important as a backup — read the hint below); scan the barcode with the app and enter the generated code. You will have to confirm this again via email or phone. Don´t forget to click "send" since Huobi won't send this automatically.

For the setup, you will need a phone with Android or iOS. IMPORTANT: Save the secret "key" you see in a safe place, e.g. write it down on paper and put it in a water and fireproof safe. If you ever lose your phone, you will be able to recover your 2FA-Code for huobi.com. Otherwise, you might not be able to access your account and have to contact the Support Team.

1

Make a deposit

In order to buy IOTA, you will have to transfer your Ethereum, which we bought before or you already had, to your Huobi account.

Let's make a deposit. Click on "Balances" in the top right corner of the page or just click on this link. Search for "ETH" — it should be in the top area of the list. If you can't find it use the search bar. Once you have it, click on the "Deposit" link in the row of "ETH".

You will see your Huobi Deposit Address. Please don't deposit any other digital assets except ETH to the address. If you want to deposit Bitcoin, for example, search for "BTC" and get your Bitcoin Deposit Address. The minimum deposit is 0.01 ETH, so make sure you transfer more than that.

Now copy the deposit address by clicking "Copy".

1

Wait for the transaction

Back on huobi.com, you can track your transaction on the "History" page. It will take a few minutes or in some cases even hours for the transaction to go through.

1

Go to the exchange page

After your Ethereum are deposited into your account, you can buy any coin or token available on Huobi. To trade your Ethereum to IOTA you need to go first to the Exchange page. To do that, click on "Exchange" in the navigation menu or follow this link.

.

1

Search for IOTA/ETH

Now we are going to look for the IOTA/ETH trading pair. Simply click on this link to go directly to it, or if you want to go there by yourself, go to the left-hand side and make sure that the "ETH" tab is clicked (where our red arrow is pointing to) since we want to trade ETH with IOTA. All tokens and coins now will show you prices in relation to Ethereum. You can use now the search bar or scroll through the list and look for IOTA and then click on it.

1

Choose Limit or Market Order

The site will now give you a nice price history overview. Below the trading view, you will see the Buy / Sell section. Huobi lets you make two types of orders: Limit Orders and Market Orders.

There are two things to watch out for:

Setting a Limit Order means that you specify how many IOTA token you want to buy (or maybe sell) and the maximum price you want to pay (or accept). If there is an order that matches or is lower than this, it will be filled right away. If there is no match, it can take a while until your order is filled.

When you use a Market Order, you only specify how many IOTA token you want to buy, and your order will be filled immediately for the price available on the market. This means you might not decide on the price you pay for IOTA but your order will go through right away.

Depending on the trading volume of the token we recommend Market Orders only for smaller amounts since they could raise the price quite a bit depending on the Sell Orders in the order book. On the other hand, Limit Orders can take a very long time to be filled or don't even have to reach your selected price. Of course, you can always cancel your order and set it up again.

1

Buy IOTA (IOTA) from huobi.com

In our example, we are going to buy IOTA with a Limit Order. Set the price and amount of IOTA you want to buy, double-check all the details and click "BUY %%ASSETSYMBOL". If you want to make a Market Order, click the "Market Order" tab, add the amount and click "BUY %%ASSETSYMBOL".

1

Congratulations

Yay — you have just purchased IOTA successfully. You can check your balance at the "Balance" page.

You can now withdraw your IOTA tokens to your own wallet, another exchange or even send them to a friend. We are going to show you how to withdraw IOTA it in the next steps. Please also read through the wallet information below and make sure you store your IOTA in a secure place.

Warning: Only users from European countries can register at this exchange!

1

Go to Bitpanda

Go to https://www.bitpanda.com and make sure the address is correct and that you see the secure symbol next to the URL. Click the "Sign Up" button in the top right corner of the site.

For security reasons we highly recommend to set up 2-factor authentication. Once you are logged in, you will find a hint "Enable Two Factor Authentication (2FA)" in the dashboard of Bitpanda - click on it. On the new site, you will see a barcode as well as a secure code. Save this secure code in a safe place, since you will be able to recover your 2FA Code with this code, if you lose your phone. Just follow the short instruction of bitpanda and install the Google Authentication App on your smartphone and then scan or enter the code.

For the setup you will need a phone with Android or iOS. IMPORTANT: Save the secure code you will see in a safe place. If you ever lose your phone, you will be able to recover your 2FA-Code for Bitpanda. Otherwise, you might not be able to access your account and have to contact the support.

1

Verification

In order to buy and sell IOTA on Bitpanda, you will have to verify your identity. When you log into your Bitpanda account, you will see various hints to verify yourself. Just click on one of the "Verify" buttons. A new window will open, where you first have to add more personal data.

In the next step you have to choose, with which ID (e.g ID, Passport,..) you want to verify. After that you will be forwarded to a Video Identification Service of your choice. You can do this either via your smartphone or your computer (should have a webcam). Just follow the instructions and you will be ready after a few minutes.

1

Deposit FIAT to buy IOTA (IOTA)

Once you are registered, you have to click "deposit" in the top right corner of the page. A new window will pop up and let you choose which FIAT you want to deposit: EURO, USD, GPB, CHF. Next you can choose how you want to deposit your Money. There are plenty of options, although most are only available for EURO:

Minimum deposit will be 25€, while max. deposit varies between 2500€ and 500.000€. Make sure to check the fees for each deposit option:

Sofort Überweisung - 1,99% fee - max. 10.000€ - Instant

Visa Credit / Debit card - 1,5% fee - max. 2.500€ - Instant

Mastercard Credit / Debit card - 1,5% fee - max. 2.500€ - Instant

Bank Transfer - FREE - max. 500.000€ - 2-3 business days

EPS - 0,25€ + 2% (max. 2,00€) fee - max. 10.000€ - Instant

Giropay - 0,25€ + 2% (max. 2,00€) fee - max. 10.000€ - Instant

Neteller - 0,90€ + 3,6% fee - Instant

Skrill - 1,00€ + 3,6% fee - Instant

Once you have decided how you want to deposit, just follow the instructions of the website.

1

Buy IOTA on Bitpanda

You are almost done! Since your money is now in your Bitpanda-account, you are just a few clicks away from your new IOTA tokens. Just click on "TRADE" in the upper right corner of the website - a new window will pop up where you then click "Buy".

1

Choose "IOTA Wallet"

Now you see all available Coins and Tokens. You will choose now "IOTA Wallet", then choose with which Fiat wallet you want to pay - e.g. EURO.

1

Choose the amount

Simply enter, for how many e.g. EURO or USD you want to buy IOTA and click "Go to Summary".

1

Check your "IOTA Order"

You will see now the summary of your order, with the exact amount of IOTA you will purchase and how much you will pay for it. If the data are correct, click "Buy now".

1

Congratulations

Done, you have just bought IOTA (IOTA), which are now stored in your Bitpanda Wallet!

You could now withdraw your IOTA tokens to your own wallet or even send it to a friend. We are going to show you how to do it in the next steps. Please also read through the wallet information below and make sure you store your IOTA in a secure place.

1

Store IOTA (IOTA) in a secure wallet

Saving IOTA on an exchange is the least secure way to store your tokens. This means cryptocurrency exchanges are often targets of hackers, as you might have heard already. The most secure way to hold your IOTA is to save them in a hardware wallet like this:

Another way to securely store your tokens is to send them to a desktop, mobile or online wallet. Sadly, we don´t currently have a detailed guide about the IOTA wallet. So please check the homepage of IOTA for more information. Also, make sure to bookmark this site as we regularly update all guides.

In the next step, we are going to show you, how you can withdraw your IOTA from the exchange.

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